Courses by BIBS Accounting

Principles of Accounts – Intensive Revision Course Core

Last Update: February 10, 2026
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Course description

This Principles of Accounts Intensive Revision Course is designed for students who are preparing for final exams and need clarity, structure, and confidence — fast.

It is a high-impact revision programme that compresses approximately 15 weeks of Principles of Accounts content into 2 focused weeks, using a clear, exam-driven approach based on past examination papers and common exam patterns.

The course focuses on what students actually need to pass the exam, including:

  1. Recognising accounting concepts in exam scenarios
  2. Applying correct accounting treatments to earn method marks
  3. Understanding how structured questions are built
  4. Avoiding common errors that cost easy marks

Lessons are delivered through short, targeted revision videos, worked examples, and guided explanations that mirror the format and difficulty of real exam questions. Emphasis is placed on Income Statements, Statements of Financial Position, Statements of Changes in Equity, adjustments, and accounting concepts, all of which repeatedly appear in past exams.

Who This Course Is For

This course is ideal for students who:

  1. Have completed or are near completion of a Principles of Accounts course
  2. Have covered the material during the semester but feel unsure or overwhelmed
  3. Want to strengthen weak areas, not relearn everything from scratch
  4. Need a clear revision strategy in the final weeks before exams

Students are expected to come into this course with some existing coursework knowledge. The goal is to refresh, clarify, and connect concepts, not introduce accounting for the first time.

What You Will Be Able to Do by the End of This Course

By the end of this intensive revision course, students will be able to:

  1. Confidently handle exam-style questions covering the full Principles of Accounts syllabus
  2. Identify which accounting concept or principle is being tested in multiple-choice, short-answer, and structured questions
  3. Correctly prepare and interpret:

Income Statements

Statements of Financial Position

Statements of Changes in Equity

  1. Apply adjustments such as depreciation, accruals, prepayments, provisions, and allowances accurately
  2. Avoid common exam mistakes related to misinterpretation, poor layout, and incorrect application
  3. Sit the exam with a clear structure, strong revision framework, and improved time management

Commitment Required

This is an intensive revision course.

Students who commit to:

  1. Watching the videos
  2. Practising examples
  3. Actively reviewing weak areas

will see real improvement in understanding and exam performance.

BIBS Accounting is known for making accounting understandable, practical, and exam-ready — and this course is built specifically to help you succeed when it matters most.

See you in the course!

Course content

  • Accounting Concepts
    • Accounting Concepts Intro

      00:00:42
    • Business Entity Concept

      00:01:11
    • Consistency Concept

      00:01:13
    • Prudence Concept

      00:00:47
    • Going Concern Concept

      00:00:48
    • Money Measurement Concept

      00:00:48
    • Historical Concept

      00:00:46
    • Dual Aspect (Duality) Concept

      00:00:40
    • Realization Concept

      00:00:44
    • Materiality Concept

      00:02:02
    • Accounting Concepts

    • Accounting concepts wrap up

      00:00:56
  • Financial Statements: Ledger Account Placement
    • Introduction to Placement

      00:01:11
    • Reporting Sections

    • Practice with Income Statements

    • SOFP Practice - Assets

    • Practice with Liabilities & Equity

  • Structured Question
    • Into to Structured Questions

      00:06:16
    • Trial Balance - Review line items

      00:15:14
    • Completing Year-end Adjustments

      00:25:24
  • Income Statement Preparation
    • Reporting Income with Returns and Discounts

      00:09:52
    • Reporting Cost of Goods Sold (COGS)

      00:08:51
    • Reporting Additional Income

      00:05:11
    • Reporting Operating Expenses

      00:16:50
  • Preparation of Statement of Changes of Equity
    • Changes of Equity Explained

      00:05:04
    • Reporting Changes in Equity

      00:15:51
  • Preparation of Statement of Financial Position
    • Reporting Non-current assets

      00:12:34
    • Reporting Current Assets

      00:08:16
    • Reporting Current Liabilities

      00:10:26
    • Reporting Total Liabilities & Equity Section

      00:06:58
  • Practice Questions
Instructor

Tina Hope

Reviews 0 (0 Reviews)
Original price was: $150.00. Current price is: $100.00.
  • Course Level Beginner
  • Lessons 29
  • Enrolled 2
  • Additional Resource 1
  • Last Update February 10, 2026